US to Sell 18 Million Barrels of Oil from Strategic Petroleum Reserve
The U.S. holds roughly 600 million barrels of crude oil in giant caverns in Texas and Louisiana. Its current inventory is at its lowest since 2003.
US LNG Export Capacity will be World’s Largest by 2022, EIA Says
By the end of next year, EIA estimates U.S. export capacity to overtake those of Australia and Qatar, the two largest LNG exporters.
Forty Under 40: Michael Mitchell, Energy Spectrum
Today’s featured Forty Under 40 honoree is Michael Mitchell, a vice president of Energy Spectrum Capital who currently conducts financial due diligence, execution and monitoring investment performance for the midstream venture capital firm.
Magellan Exploring Options for its Permian Longhorn Crude Pipe
The 450-mile (724 km) Longhorn pipeline can transport up to 275,000 barrels per day (bbl/d) of crude from West Texas to Houston.
Enterprise Products Could Repurpose Pipelines for Carbon Projects, CEO Says
"We're not going to do it for the hell of it. There has to be a business there," co-CEO Jim Teague said during remarks at the World Petroleum Congress on Dec. 8.
Cheniere Asks for More Time to Build Texas Corpus LNG Expansion
Cheniere asked FERC in a filing late on Dec. 7 to extend the amount of time it has to put Stage 3 into service until June 2027.
How Autonomous Drones Can Make Operations Safer, More Efficient
Airborne robots can conduct aerial intelligence, surveillance and reconnaissance across the entire spectrum of a company’s operations.
Forty Under 40: Matthew Melton, EnCap Flatrock
Today’s featured Forty Under 40 honoree is Matthew Melton, vice president of EnCap Flatrock Midstream where he supports all finance, administrative and accounting functions of the firm’s funds and portfolio companies.
Friends of the Earth Sues Britain over Mozambique LNG Project
Friends of the Earth said in a statement that the project was incorrectly judged to be compatible with the Paris climate agreement, without proper assessment of its climate impacts.
Midstream Business: The New Dawn of Carbon Capture
Although carbon capture, transport, use and storage is dominated by oil and gas producers now, it represents a significant growth area for the midstream sector.